Overview of Business Economics Online Courses
There are a variety of free courses pertaining to business economics available online, but many do not qualify for college credit. Educational websites might award students with certificates to show proof of learning, but access to this content might be gated with a subscription fee. Resources such as presentations, videos, assignments, and quizzes will provide students with a thorough education in business economics.
If students would like a low-cost alternative to courses that provide transferrable college credit, it would be advisable to get courses from Study.com, which provides in-depth distance learning through the use of various tools to teach and assess students.
Students can refer to the Business 101: Principles of Management course, which includes lessons such as production and quality assurance, behavioral school of management theory, and organizational change. Additionally, students can explore Economics 102: Macroeconomics to gain insight on lessons such as fiscal and monetary policies as well as economic growth and productivity.
Admission Requirements for Online Business Economics Courses
Generally, for courses that do not offer transferable credit, there are little to no requirements for participating. However, some level of proficiency in business economics areas might be required for more advanced courses. Additionally, some gated content might only be accessed in certain regions of the world due to the relevance of the content in relation to real-world case studies specific to that region.
Information on Free Online Courses in Business Economics
While these courses do not grant credit, they offer a varied selection of subjects to choose from. Courses in business economics include, but are not limited to, management information systems, principles of macro and microeconomics, corporate finance, accounting, and econometrics. The following are some universities that offer free online courses in business economics.
Massachusetts Institute of Technology
MIT OpenCourseWare provides materials from more than 2400 courses and has been visited by more than 300 million users online. It is a channel to make available MIT's course materials to independent learners in various branches of study. No registration is required to access these materials, which include downloadable lecture materials as well as exams and assignments with solutions. Here are some business economics courses to consider:
• Principals of Macroeconomics: This course discusses fundamental macroeconomic elements and theories, such as the effects of inflation, unemployment, and the balancing of resources to meet needs. Monetary and fiscal issues are explained, and public debt and international relations are analyzed. The required reading for this course is the book Macroeconomics by Olivier Blanchard, and students are also recommended to read current business journals and articles.
• Energy Decisions, Markets, and Policies: This course discusses the effects of participants in the market and their decisions towards the production, distribution, and consumption of energy. Public policies and how they contribute to regulating energy use will also be discussed. Students will perform analyses on institutions, financial and political influence, as well as the cost-benefit of energy operations. A simulation will be included throughout the length of the course that will teach students negotiation skills in this field.
Columbia University has partnered with the educational website edX.org to provide courses online for free. However, there might be a fee applied in order to receive a certificate upon completion of the course.
• Introduction to Corporate Finance: Students learn how to value investment opportunities such as stocks and bonds. By using concepts such as the internal rate of return and the net present value, students will learn how to analyze the return on investments and their fair value. Ultimately, students will make informed decisions regarding investment projects that corporations should undertake.
Open Yale Courses provides free courses online in subjects such as sociology, psychology, and economics, amongst others. Problem sets, examination questions, and solutions, as well as course materials, are all downloadable and free without requiring registration.
• Game Theory: Strategic thinking is the core of making business economic decisions. This course discusses the behaviors of individuals and organizations making strategic choices. Concepts such as the Nash equilibrium, adverse selection, and evolutionary stability will be taught. Textbooks for this course include Thinking Strategically, Strategy: An Introduction to Game Theory, and Strategies and Games: Theory and Practice.
University of Illinois
The University of Illinois has partnered up with Coursera to provide a platform for free online learning with free enrollment and even financial aid for certification. This platform also provides information on courses, such as time to completion, difficulty level, and language of instruction.
• Inferential and Predictive Statistics for Business: This course, in its quantitative nature, provides an analytical and structural framework to eliminate uncertainties in business operations. In order to utilize data for managerial decisions, students will further work on gathering data sets from various disciplines and finding the variances from these statistics to make inferences on business outcomes.
How to Choose the Right Online Business Economics Course
Students should always take into account the credibility of the institution that is providing them with knowledge. Some free educational websites that are affiliated with other universities usually have a verification method, and students will be able to see the legitimacy of each course. Prerequisite courses should also be considered. Ultimately, students should choose courses based on their preferences. The difficulty level and specificity of each course should be taken into account, and as the learning format of every university is different, students should ensure that the contents of the course are digestible.